The Sharp Rise in the Debt-To-GDP Ratio in 2008-2009

question 79

Multiple Choice

The sharp rise in the debt-to-GDP ratio in 2008-2009

• A) was exclusively automatic due to the effect of declining income on government outlays and tax revenues.
• B) was exclusively due to an aggressive fiscal policy.
• C) was exclusively due to military expenditures.
• D) was partly automatic due to the effect of declining income on government outlays and tax revenues,and partly due to an aggressive fiscal policy.
• E) was exclusively due to foreign aid expenditures.

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